Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume - What's Next?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) saw an uptick in trading volume on Monday . 124,764 shares changed hands during trading, an increase of 149% from the previous session's volume of 50,164 shares.The stock last traded at $33.49 and had previously closed at $32.56.

Analyst Ratings Changes

Several research analysts have issued reports on FSUN shares. Keefe, Bruyette & Woods restated an "outperform" rating and set a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Piper Sandler started coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an "overweight" rating and a $51.00 target price for the company.

Firstsun Capital Bancorp Stock Up 0.7 %

The stock has a fifty day simple moving average of $37.79 and a two-hundred day simple moving average of $38.89. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. Sell-side analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Activity at Firstsun Capital Bancorp

In other news, insider Mollie H. Carter acquired 1,025,450 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the transaction, the insider now owns 666,500 shares of the company's stock, valued at $24,700,490. This trade represents a -285.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSUN. Stieven Capital Advisors L.P. bought a new position in Firstsun Capital Bancorp in the fourth quarter worth approximately $18,743,000. Wellington Management Group LLP lifted its holdings in Firstsun Capital Bancorp by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company's stock valued at $105,178,000 after purchasing an additional 207,774 shares in the last quarter. Marshall Wace LLP increased its stake in Firstsun Capital Bancorp by 1,721.6% in the 4th quarter. Marshall Wace LLP now owns 125,110 shares of the company's stock worth $5,011,000 after buying an additional 118,242 shares in the last quarter. Rhino Investment Partners Inc purchased a new position in Firstsun Capital Bancorp during the fourth quarter valued at $3,177,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $3,100,000.

About Firstsun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers.